Econocom reports Q1 2025 revenue of €663.3m

Econocom Group has kicked off 2025 on a strong note, posting a first-quarter revenue of €663.3 million, marking a 4.5% increase on a reported basis and 3.8% organic growth compared to the same period in 2024.

“Econocom has maintained its solid growth trajectory despite the ongoing evolving economic context. This performance reflects the dynamism of our commercial strategy, bolstered by an ambitious 2024 plan to expand our sales forces and the ongoing commitment of our teams,” Benguigui said. “We will continue to intensify synergies across our business lines, solutions, and geographies to unlock additional growth potentials.”

The Technology Management & Financing (TMF) segment emerged as the main growth driver, generating €241.0 million in revenue – a robust 16.7% increase, including 14.4% organic growth. This growth was particularly pronounced in Southern Europe. The integration of Germany-based IT refurbishment leader Bb-net, acquired in January 2025, is off to a promising start and is expected to further reinforce TMF’s momentum.

The Products & Solutions (P&S) division saw revenue decline by 4.7% to €291.8 million, reflecting cautious market behaviour in Europe. Meanwhile, the Services business delivered solid results with a 7.0% increase to €130.5 million, buoyed by successful project deliveries in Spain and consistent performance across other regions.

As part of its “One Econocom” strategic plan, the Group continues to pursue targeted acquisitions in strategic markets while divesting non-core and underperforming assets. This approach aims to sharpen the Group’s operational focus and reinforce profitable growth areas.

Looking ahead, Econocom confirmed its full-year 2025 growth outlook, targeting a rate higher than the 3.6% achieved in 2024.